Zenius Solutions, a Silicon Valley NFC software company supporting mobile payments and contactless acceptance devices, has announced the completion of the first end-to-end live acceptance of a contactless credit card on a mobile phone. ZeniusMobilePOS with real-time authorization reads information from a contactless card, performs transaction processing, and connects with the Authorize.net payment gateway for online authorization.
The transaction marks the ability for ZeniusMobilePOS with real time authorization to interface with an external authorization system – allowing on-the-spot approval for field merchants.
The new offering enables merchants to read and process MasterCard PayPass, Visa payWave, American Express ExpressPay and Discover Network Zip on an NFC-enabled mobile phone.
ZeniusMobilePOS adds value to current mobile merchant services by supporting a more secure transaction which can provide less expensive card-present transaction rates for mobile merchants. Merchants also benefit from the ease and speed of the transaction – the phone reads the card information instead of requiring keyed input. Additionally, transaction information can optionally be stored securely in the secure element for later batch processing. ZeniusMobilePOS can also support EMV contactless transactions.
Beyond cards, ZeniusMobilePOS can also accept transactions from other NFC-enabled devices or transactions including payments, couponing, ticketing and transport.